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P R E S E N T E D B Y
Cameron Bierwith
Associate
San Francisco Office
Tel: (415) 625-2144
Fax: (415) 963-3010
cameron.bierwith@marcusmillichap.com
License: CA 02031076
Offering Memorandum
SAN PABLO AVE AND TARA HILLS DRPinole, CA 94564
SAN PABLO AVE AND TARA HILLS
DR
Pinole, CA
ACT ID Z0020007
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this
marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with,
or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent,
product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant
lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE
CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we
make no representations or warranties, express or implied, as to the accuracy of the information. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus &
Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All
rights reserved.
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SAN PABLO AVE AND TARA HILLS DR
3
INVESTMENT
OVERVIEW
REGIONAL MAP
SAN PABLO AVE AND TARA HILLS DR
4
LOCAL MAP
SAN PABLO AVE AND TARA HILLS DR
5
AERIAL PHOTO
SAN PABLO AVE AND TARA HILLS DR
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PROPERTY OVERVIEW
SAN PABLO AVE AND TARA HILLS DR
Marcus and Millichap is pleased to please to offer 60,000+ sqft lot in the heart of San Pablo. Positioned on the busy intersection of San Pablo Ave and Tara Hills Dr, With daily
traffic counts approximately 15,000+ cars in either direction, exposure is one of the best descriptors for the property. Terra Hills Lot is centrally located on San Pablo Ave and
Terra Hills. Zoned Commercial P1 totaling 60,000+ square feet, with daily traffic counts exceeding 15,000+ daily. Located near numerous new residential developments and
1.2miles from the Whole Foods Distribution center.
-------------------------------------------------
Development Standards: Commercial (CO)
Minimum Lot Area – 3500 sq.ft. Maximum Lot Coverage – N/A Rear Yard Setback - none
Minimum Lot Width – 35 ft. Front Yard Setback – 10ft. Parking – 4/1,000 sq.ft.
Maximum Building Height – 50ft Side Yard Setback – None Minimum Landscaped Area – Subject To Review and Approval
Floor Area Ratio (FAR) – N/A Street Side Yard Setback – 10 ft.
PROPERTY OVERVIEW
▪ 1.4 Acers of Commercial Zoned Land
▪ Easy Access to I-80 Corridor, Rich Parkway and San
Rafael Bridge
▪ Excellent Visibility
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PROPERTY HIGHLIGHTS
PRICING OVERVIEW
SAN PABLO AVE AND TARA HILLS DR
▪Offered at: $600,000
▪ 1.4 Acres of Land
▪Priced at $9.84/Square Foot
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SAN PABLO AVE AND TARA HILLS DR
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MARKET
OVERVIEW
MARKET OVERVIEW
OAKLANDOVERVIEW
The Oakland metro is located on the east side of the San Francisco
Bay and contains Alameda and Contra Costa counties. The metro
encompasses 1,470 square miles, including nearly 20 miles of
coastline. The Oakland metro has a population of 2.8 million residents
in more than 30 municipalities. Oakland is the most populous city, with
430,000 people, followed by Fremont and Hayward, with 227,600 and
157,400 citizens, respectively. Lower housing costs and quick access
across the Bay lure many San Francisco workers to the East Bay.
Redevelopment projects, especially in older areas of Oakland and
Hayward, are helping to boost population growth.
MARKET OVERVIEW
METRO HIGHLIGHTS
ELEVATED HOUSEHOLD INCOME
The median household income is well above the
national median, supporting spending on rents and
retail.
SKILLED WORKFORCE
The large base of skilled workers supports the
diversification in local industries, drawing additional
tech and research employers.
WORLD-CLASS INSTITUTIONS
Local students have access to 15 universities in the
Greater Bay Area.
SAN PABLO AVE AND TARA HILLS DR
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MARKET OVERVIEW
ECONOMY▪ Major employers come from a wide array of industries: education, healthcare, financial
services, telecommunications, retail, technology, manufacturing and transportation.
▪ The metro is a transportation hub of the Bay Area, and Oakland International Airport, BART,
two major rail lines and the Port of Oakland all play important roles.
▪ Oakland is a major high-tech employment market. High-tech businesses currently employ
tens of thousands of workers. The metro boasts an extensive underground fiber-optic cable
network and is a regional telecommunications hub.
SHARE OF 2016 TOTAL EMPLOYMENT
MAJOR AREA EMPLOYERS
Kaiser Permanente
Clorox Co.
Alameda County
University of California-Berkeley
Lawrence Livermore National Laboratory
Contra Costa County
Safeway Inc.
Chevron Corp.
EMC Corp.
Wells Fargo* Forecast
MANUFACTURING
8%GOVERNMENT
HEALTH SERVICES
EDUCATION AND
+OTHER SERVICES
3%
LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES
18%
AND UTILITIES
TRADE, TRANSPORTATION CONSTRUCTION
PROFESSIONAL AND
BUSINESS SERVICES
2%INFORMATION
17%
6%
15% 10% 4%
17%
SAN PABLO AVE AND TARA HILLS DR
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MARKET OVERVIEW
DEMOGRAPHICS
SPORTS
EDUCATION
ARTS & ENTERTAINMENT
▪ The population will expand by more than 100,000 residents through 2021, resulting in
the formation of nearly 40,000 households.
▪ Due in part to high home prices, the homeownership rate of 57 percent is below the
national rate of 64 percent.
▪ Roughly 40 percent of the population age 25 and older have attained a bachelor’s
degree, with 16 percent also holding a graduate or professional degree.
The past decade’s downtown redevelopment initiatives have resulted in housing, office and
retail construction, greatly improving the quality of life for urban dwellers. In the East Bay,
people enjoy cultural and recreational activities, including the symphony, an award-winning
zoo, the Paramount Theater, the Oakland Museum of California, along with numerous parks.
Major-league sports teams include the Oakland Athletics and Oakland Raiders, both of
which play at the Oakland-Alameda County Coliseum. Oracle Arena is home to the Golden
State Warriors. There are more than a dozen colleges and universities in the area, including
the University of California-Berkeley and California State University, East Bay.
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2016MEDIAN AGE:
U.S. Median:
37.7
$78,000
2016 MEDIAN HOUSEHOLD INCOME:
U.S. Median:
$57,200
2.8M
2016POPULATION:
Growth2016-2021*:
3.5%
985K
2016HOUSEHOLDS:
3.6%
Growth2016-2021*:
QUALITY OF LIFE
2016 Population by Age
0-4 YEARS
6%5-19 YEARS
19%20-24 YEARS
7%25-44 YEARS
29%45-64 YEARS
27%65+ YEARS
13%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s
Analytics; U.S. Census Bureau
SAN PABLO AVE AND TARA HILLS DR
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PROPERTY NAME
MARKETING TEAM
SAN PABLO AVE AND TARA HILLS DR
DEMOGRAPHICS
Source: © 2017 Experian
Created on January 2018
POPULATION 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Population 17,795 96,668 209,270
▪ 2017 Estimate
Total Population 17,454 94,988 207,431
▪ 2010 Census
Total Population 16,107 88,031 192,099
▪ 2000 Census
Total Population 15,590 80,627 182,887
▪ Daytime Population
2017 Estimate 10,647 67,382 140,866
HOUSEHOLDS 1 Miles 3 Miles 5 Miles
▪ 2022 Projection
Total Households 6,315 34,360 71,614
▪ 2017 Estimate
Total Households 5,966 32,624 68,481
Average (Mean) Household Size 2.83 2.80 2.91
▪ 2010 Census
Total Households 5,601 30,579 64,324
▪ 2000 Census
Total Households 5,326 27,803 61,091
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles
▪ 2017 Estimate
$250,000 or More 1.60% 3.33% 3.37%
$200,000 - $249,999 0.75% 2.30% 2.35%
$150,000 - $199,999 6.95% 8.83% 7.69%
$125,000 - $149,999 6.39% 6.48% 6.31%
$100,000 - $124,999 10.95% 10.10% 10.16%
$75,000 - $99,999 15.85% 15.43% 14.13%
$50,000 - $74,999 19.31% 17.70% 17.12%
$35,000 - $49,999 14.11% 12.08% 12.42%
$25,000 - $34,999 8.55% 7.91% 8.19%
$15,000 - $24,999 7.07% 7.35% 8.89%
Under $15,000 8.48% 8.48% 9.39%
Average Household Income $78,774 $92,021 $89,321
Median Household Income $64,431 $69,584 $65,417
Per Capita Income $26,995 $31,852 $29,675
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PROPERTY NAME
MARKETING TEAM
SAN PABLO AVE AND TARA HILLS DR
DEMOGRAPHICS
Source: © 2017 Experian
Created on January 2018
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population by Age
0 to 4 Years 5.78% 5.81% 6.18%
5 to 14 Years 11.64% 11.68% 12.57%
15 to 17 Years 3.67% 3.53% 3.74%
18 to 19 Years 2.26% 2.27% 2.33%
20 to 24 Years 7.39% 7.07% 6.96%
25 to 29 Years 8.21% 7.38% 7.31%
30 to 34 Years 7.63% 7.40% 7.46%
35 to 39 Years 6.54% 6.73% 7.13%
40 to 49 Years 13.28% 13.61% 13.70%
50 to 59 Years 14.26% 14.50% 13.99%
60 to 64 Years 5.39% 6.02% 5.82%
65 to 69 Years 4.53% 4.99% 4.64%
70 to 74 Years 3.98% 3.43% 3.19%
75 to 79 Years 2.53% 2.35% 2.06%
80 to 84 Years 1.58% 1.54% 1.40%
Age 85+ 1.32% 1.69% 1.53%
Median Age 37.56 38.57 37.39
POPULATION PROFILE 1 Miles 3 Miles 5 Miles
▪ Population 25+ by Education Level
2017 Estimate Population Age 25+ 12,088 66,141 141,496
Elementary (0-8) 6.70% 6.69% 8.79%
Some High School (9-11) 8.59% 8.26% 8.71%
High School Graduate (12) 23.98% 22.68% 22.54%
Some College (13-15) 28.13% 24.34% 22.98%
Associate Degree Only 8.17% 9.03% 8.40%
Bachelors Degree Only 14.19% 19.06% 17.89%
Graduate Degree 6.34% 7.63% 8.03%
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Income
In 2017, the median household income for your selected geography is
$64,431, compare this to the US average which is currently $56,286.
The median household income for your area has changed by 20.67%
since 2000. It is estimated that the median household income in your
area will be $71,984 five years from now, which represents a change
of 11.72% from the current year.
The current year per capita income in your area is $26,995, compare
this to the US average, which is $30,982. The current year average
household income in your area is $78,774, compare this to the US
average which is $81,217.
Population
In 2017, the population in your selected geography is 17,454. The
population has changed by 11.96% since 2000. It is estimated that the
population in your area will be 17,795.00 five years from now, which
represents a change of 1.95% from the current year. The current
population is 47.72% male and 52.28% female. The median age of the
population in your area is 37.56, compare this to the US average
which is 37.83. The population density in your area is 5,549.93 people
per square mile.
Households
There are currently 5,966 households in your selected geography. The
number of households has changed by 12.02% since 2000. It is
estimated that the number of households in your area will be 6,315
five years from now, which represents a change of 5.85% from the
current year. The average household size in your area is 2.83
persons.
Employment
In 2017, there are 4,038 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
60.05% of employees are employed in white-collar occupations in this
geography, and 38.92% are employed in blue-collar occupations. In
2017, unemployment in this area is 4.31%. In 2000, the average time
traveled to work was 38.00 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
37.16% White, 15.15% Black, 0.53% Native American and 21.67%
Asian/Pacific Islander. Compare these to US averages which are:
70.42% White, 12.85% Black, 0.19% Native American and 5.53%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 38.53% of the current year
population in your selected area. Compare this to the US average of
17.88%.
PROPERTY NAME
MARKETING TEAM
SAN PABLO AVE AND TARA HILLS DR
Housing
The median housing value in your area was $433,284 in 2017,
compare this to the US average of $193,953. In 2000, there were
3,431 owner occupied housing units in your area and there were 1,895
renter occupied housing units in your area. The median rent at the
time was $915.
Source: © 2017 Experian
DEMOGRAPHICS
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SAN PABLO AVE AND TARA HILLS DR
DEMOGRAPHICS
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www.MarcusMillichap.com
Cameron Bierwith
Associate
San Francisco Office
Tel: (415) 625-2144
Fax: (415) 963-3010
cameron.bierwith@marcusmillichap.com
License: CA 02031076
P R E S E N T E D B Y
17
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